Inequality, Growth and Welfare: The Main Links

Hellier, Joël; Lambrecht, Stéphane

doi:10.1057/9781137283306_10

Cited by 5 publications

(5 citation statements)

References 99 publications

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“…A large amount of empirical studies have sought to assess Kuznets hypothesis (KH). This literature is described in Hellier and Lambrecht (2012). The results are not really conclusive.…”

Section: Assessing the Kuznets Hypothesismentioning

confidence: 86%

“…As regards the link between development and inequality, Kuznets (1955) seminal article had been commonly accepted by economists until the eighties. Since then, (i) the observations of growing inequalities in the North and unclear variations in the South, and (ii) the mixed results of the econometric works on the subject, have questioned the existence of the Kuznets curve (see the presentation in Hellier & Lambrecht, 2012).…”

Section: Kuznets' Prediction: the Inverted-u Inequality Curvementioning

confidence: 99%

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Inequality in Emerging Countries

Chusseau¹,

Hellier²

2013

Growing Income Inequalities

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We review the theoretical and empirical economic literature upon income inequality in emerging countries. We firstly describe the main observed developments and show that these are rather diverse across countries and developing regions. We subsequently expose the main theoretical mechanisms. We make a distinction between the traditional approaches (Kuznets, Lewis, Stolper-Samuelson) and the new explanations. In the latter, globalization and globalization-driven technological changes are at the core of the analyses. Both approaches bring out several opposite mechanisms. Finally, the empirical estimates display rather conflicting results. Most crosscountry studies find a weak impact of globalization on income inequality. In contrast, several longitudinal studies concerning countries taken separately or small groups of countries reveal a positive correlation between openness and the relative demand for skill and inequality. These apparently conflicting findings reflect the opposite mechanisms linked to globalisation and the differences in countries' experiences.

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“…A large amount of empirical studies have sought to assess Kuznets hypothesis (KH). This literature is described in Hellier and Lambrecht (2012). The results are not really conclusive.…”

Section: Assessing the Kuznets Hypothesismentioning

confidence: 86%

Section: Kuznets' Prediction: the Inverted-u Inequality Curvementioning

confidence: 99%

Inequality in Emerging Countries

Chusseau¹,

Hellier²

2013

Growing Income Inequalities

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“…While some of the research has pointed then to non-trade factors -such as skill-biased technological change and labor institutions -to explain rising wage gaps, in recent years new mechanisms have been explored through which trade can increase income inequality. These mechanisms include heterogeneous firms 77 A related literature finds no support for a Kuznets curve with longitudinal data (Bruno, 1998;Fields, 2002;Hellier and Lambrecht, 2012). 78 The relationship becomes negative, although just slightly significant, when using the change in log real per capita GDP (Penn World Tables) or per capita GNI (WDI) as measures of growth.…”

Section: Growth and Developmentmentioning

confidence: 99%

Recent trends in inequality and poverty in developing countries

Alvaredo¹,

Gasparini²

2013

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This chapter reviews the empirical evidence on the levels and trends in income/consumption inequality and poverty in developing countries. It includes a discussion of data sources and measurement issues, evidence on the levels of inequality and poverty across countries and regions, an assessment of trends in these variables since the early 1980s, and a general discussion of their determinants. There has been tremendous progress in the measurement of inequality and poverty in the developing world, although serious problems of consistency and comparability still remain. The available evidence suggests that on average the levels of national income inequality in the developing world increased in the 1980s and 1990s, and declined in the 2000s. There was a remarkable fall in income poverty since the early 1980s, driven by the exceptional performance of China over the whole period, and the generalized improvement in living standards in all the regions of the developing world in the 2000s.

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“…While some of the research has pointed then to non-trade factors -such as skill-biased technological change and labor institutions -to explain rising wage gaps, in recent years new mechanisms have been explored through which trade can increase income inequality. These mechanisms include heterogeneous firms 66 A related literature finds no support for a Kuznets curve with longitudinal data (Bruno, 1998;Fields, 2002;Hellier and Lambrecht, 2012). 67 The relationship becomes negative, although just slightly significant, when using the change in log real per capita GDP (Penn World Tables) or per capita GNI (WDI) as measures of growth.…”

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confidence: 99%